Technical Analysis $ETH (1H timeframe)
Analysis time 21:15 (UTC+7) on April 21, 2025
Post time 21:22 (UTC+7) on April 21, 2025
🧠 1. Overview of the current trend
Current price: $1,619.14
24h Change: +2.50% 📈
Analysis timeframe: 1 hour (1H)
ETH just had a strong surge from the $1,564.69 zone to a peak of $1,658.00, then corrected back near the EMA89 line ($1,605.09) and is currently recovering slightly.
This signal indicates that the main trend in the short term still leans towards an increase; however, the market is entering a technical correction phase.
📊 2. Main Technical Indicators
✳️ EMA (Exponential Moving Average)
EMA34: $1,614.75
EMA89: $1,605.09
EMA200: $1,606.05
✅ The current price is above all 3 main EMA lines => Bullish signal is maintained.
🟡 However, consecutive red candles and testing EMA89/EMA200 indicate a temporary weakening of buying power.
🔄 STOCH RSI
STOCH RSI: 12.44 (in the oversold zone)
✅ Early signs of bullish reversal may appear if the STOCH RSI crosses up from the oversold zone (below 20).
→ This is a good sign for a short-term buy position if a reversal candle is confirmed.
📈 RSI
RSI(30): 53.18
RSI(50): 52.56
RSI(70): 51.83
📉 RSI is around the neutral level of 50, with no overbought or oversold signals. However, if RSI(30) stays above 50 and bounces back, it will reinforce the continuing upward trend.
🧩 3. Possible Scenarios
✅ Scenario 1: Continued recovery after the correction (Priority)
If the price holds the EMA89–EMA200 zone ($1,605–$1,606) and creates a green reversal candle, it may return to test resistance at $1,658 and possibly break through.
Next target: $1,675 – $1,690
Confirmation when: an H1 candle closes above $1,625 with increasing volume
⚠️ Scenario 2: Break of short-term support
If the price breaks through the $1,605 zone and closes below EMA200, ETH may return to test the nearest bottom at $1,570–$1,564.
This is the next potential buying zone if the market corrects deeper.
💡 4. Suggested Entry Points
🟢 Buy Entry
Priority zone: $1,605–$1,610
→ Near EMA89/EMA200, combined with STOCH RSI oversold ✅
Stop Loss (SL): $1,590
→ Below the previous bottom and below EMA200
Take Profit (TP):
TP1: $1,640
TP2: $1,658
TP3: $1,675 if strong resistance is broken
🧭 Strategy Summary
Main trend: Slightly rising, currently undergoing technical correction
Priority Strategy: Buy when the price retraces to EMA89–EMA200 and there is a confirming reversal candle
Follow: STOCH RSI crosses up, RSI stays above 50, green candle confirms reversal.
Thank you:
Thank you for taking the time to follow today's ETH/USDT technical analysis. Your interest and trust are a great motivation for me to continuously improve the quality of content. I hope the information shared will provide you with a clearer perspective, supporting more effective and safer trading decisions in this volatile market.
Wishing you a strong mindset, discipline in every trade, and consistency with your strategy. Although the market has ups and downs, as long as you maintain clarity and continue to learn, success will be inevitable. May you gain positive experiences and profits as desired in every trading day! 💹✨
Disclaimer:
This article was created by AI and is not financial investment advice.
The cryptocurrency market is highly volatile, and you should thoroughly research before making investment decisions.
All investment decisions and risks arising from the use of information in this article are the responsibility of the reader.
Data collected at the time of analysis.
#ETH #FutureTarding #Write2Earn #ETHFuture